Reliance Nippon Life renews 48,924 sq ft office lease at Inspire BKC

27 Nov 2023 CW Team

Reliance Nippon Life Insurance has chosen to renew a lease for office space in Inspire BKC, a commercial real estate project located on the periphery of the Bandra-Kurla Complex (BKC), Mumbai's bustling business district housing numerous multinationals and Indian corporate houses.

It was disclosed that the company entered into an agreement with the landlord Adani Realty, securing 48,924 sq ft of office space for a total tenure of five years. The terms of the lease include a lock-in period for the tenant throughout the entire duration.

The renewal of the lease by Reliance Nippon Life Insurance comes with a monthly rental rate of Rs 219 per sq ft, while the current rental rates in the vicinity range between Rs 220 to Rs 230 per sq ft.

The resilient state of India's commercial real estate sector amid global headwinds is attributed to its qualified talent pool and cost advantage, as per industry observers.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..